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The Captains Chest - Naked Trading & Other Stuff
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Author:  rewand [ Mon Dec 05, 2016 4:55 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
sknight1 » Mon Dec 05, 2016 4:22 am wrote:
rewand » Sun Dec 04, 2016 8:51 pm wrote:
sknight1 » Mon Dec 05, 2016 12:14 am wrote:Just wondering if some of you here would share your entry setups into some of these nice moves....?

My entry timing leaves a lot to be desired. I understand / recognize candle patterns and look for them in the areas where I have my trendlines drawn but, quite often I'm still stopped out, only to watch price take off in the anticipated direction without me.

Any thoughts would be greatly appreciated.
Thoughts are on the chart. I can make it a BE trade, wait for pins, rrts to indicate the run is over and time to tp. Since this trade is in line with HTF direction to south I could watch the signs on HTF and select my exit point there as well. Also, I could just stay in and exit few hundred pips down the road. If bid price goes above 113.9 without sending warning signals to exit earlier, I will take the loss.

I entered UJ short similarly to you, my entry was at 113.76 but, I waited for the close of the H1 candle. Stop loss to BE with the trade at +20 at the moment. Single position only because I don't trust myself enuf to enter multiple positions yet.

I've come to the point of drawing so many lines and such on my charts that I could make numerous arguments for long or short.... but, that doesn't necessarily make either one correct. HOD / LOD is nice but, thus far I can only see it "after the fact".... not soon enuf to take an entry on a M15 time frame.
Try to make one argument using multiple techniques, instead of making many arguments with one single technique. Put the CJ method first and if hard to believe it works, support it with other techniques. Soon the number of arguments will decrease. I think you just need more time on charts. I had the same problem before, even after hours of analysis I did not know where to put the X. And suddenly.. when you least expect.... the light turns on... it has taken me 6 years. And this thread.
Author:  dawidforex [ Mon Dec 05, 2016 5:01 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
EURUSD.jpg
usdjpy.jpg
Author:  rewand [ Mon Dec 05, 2016 5:16 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
Love your charts, give them our piece of mind ; )
Author:  jksynergyworks [ Mon Dec 05, 2016 6:29 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
rewand » Mon Dec 05, 2016 1:16 pm wrote:
Love your charts, give them our piece of mind ; )

I agree. Thanks for your selfless contribution. Your charts make trading so much easier.
Author:  dawidforex [ Mon Dec 05, 2016 8:49 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
:hi: Ask yourself this question.

How can it be even better?
What else is possible?
Author:  rewand [ Mon Dec 05, 2016 9:00 am ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
dawidforex » Mon Dec 05, 2016 8:49 am wrote::hi: Ask yourself this question.

How can it be even better?
What else is possible?
Chickened out a early but worked out well.
Author:  hilavoku [ Mon Dec 05, 2016 2:04 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
dawidforex » Mon Dec 05, 2016 10:49 am wrote::hi: Ask yourself this question.

How can it be even better?
What else is possible?
Hi.

Do you draw the rectangles only with the naked eye and only at H4 or are repeating patterns on lower TFs also reliable?

Thanks in advance
hilavoku
Author:  rewand [ Mon Dec 05, 2016 2:08 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
UJ does not like your script? Any idea what is going on? Maybe it does not know about it. Lets inform it... NOW.
Author:  dawidforex [ Mon Dec 05, 2016 3:05 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
hilavoku » Today, 3:04 pm wrote:
dawidforex » Mon Dec 05, 2016 10:49 am wrote::hi: Ask yourself this question.

How can it be even better?
What else is possible?
Hi.

Do you draw the rectangles only with the naked eye and only at H4 or are repeating patterns on lower TFs also reliable?

Thanks in advance
hilavoku

h4 is the most reliable
lower are illusory...
Author:  dawidforex [ Mon Dec 05, 2016 3:13 pm ]
Post subject:  The Captains Chest - Naked Trading & Other Stuff
rewand » Today, 3:08 pm wrote:
UJ does not like your script? Any idea what is going on? Maybe it does not know about it. Lets inform it... NOW.
is not always the same, may be changed...
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